Equifax To Acquire APPRO Systems
Credit bureau Equifax Inc. said last week it has agreed to acquire APPRO Systems Inc., the Baton Rouge, La., provider of online lending solutions for credit unions and other financial institutions. The $92-million deal is expected to close within 90 days. Privately held APPRO designs and develops automated credit risk solutions for consumer, retail and commercial lending operations and has doubled its sales over the past two years to $20 million. APPRO's software, including its popular LoanCenter series, combined with Equifax's technologies, including InterConnect, Decision Power, and Apply, allow customers to better manage their customer relationships.